you need to print capital and have cuts in spending that are meaningful and then you have to raise taxes and close loopholes. you have to have all three working in concert to deleverage out of the system we are in. $40 billion makes sense to me. q with e 3 makes sense to me up to a point. i noted in the minutes that i would read from the minutes that if unemployment is above say 6 1/2% and inflation is below 3% you are going to see qe-3 from one month to the next. once you get close to the numbers i think they will shut it down. $40 billion a month will inflate the monetary supply by 15% a year. that's not something we are accustom to seeing. we are deleveraging. at some point inflation creeps in to the process. >>> what about the civil suit that we saw? we saw a civil suit by new york state attorney general against jpmorgapapmorgan chase. they are alleging fraud in the bear sterns business in the sale of mortgage-backed securities in 2008. first, do you think this is a day late and dollar short and is it fair to target jpmorgan chase since they were forced to acquire the company during